Global Smart Contact Lenses Market

Smart Contact Lenses Market Size, Share, Growth Analysis, By type(Continuous Intraocular Pressure Monitoring, Photochromic Lenses and Others), By End user(Ophthalmology Clinics, Home Care) - Industry Forecast 2024-2031

Report ID: SQMIG35G2101 | Region: Global | Published Date: February, 2024
Pages: 217 | Tables: 62 | Figures: 75

Share your requirements to help us to customize the report.
   I acknowledge that I have read the Privacy Policy
Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

Analyst Support
$5,300
BUY NOW GET FREE SAMPLE

FAQs

Smart Contact Lenses Market size was valued at USD 2.02 billion in 2021 and is poised to grow from USD 2.2 billion in 2022 to USD 6.1 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

smart contact lenses market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Alphabet Inc. (Verily Life Sciences)', 'Sensimed AG', 'Samsung Electronics Co., Ltd.', 'Sony Corporation', 'Novartis AG', 'Innovega Inc.', 'Mojo Vision Inc.', 'Johnson & Johnson Vision Care, Inc.', 'Medella Health', 'Google LLC', 'EP Communications, Inc.', 'CooperVision, Inc.', 'Seed Co. Ltd.', 'Carl Zeiss Meditec AG', 'Bausch Health Companies Inc.', 'Ava Science, Inc.', 'Eyenovia, Inc.', 'GENTEX Corporation', 'Sensimed AG', 'SoftLens Technology'

One of the areas of optometry that is expanding the fastest is contact lenses, which has seen a lot of important advancements in the past ten years. Smart contact lenses are one of the most recent and important developments in contact lenses. These cutting-edge lenses can identify glaucoma, diabetes, and other medical issues in a flash. The development of smart contact lenses, which will enable users to capture pictures with their eyes and adapt to shifting lighting conditions for clear vision while moving from light to dark, is another area where major businesses are investing heavily. Those with age-related macular degeneration (AMD) and other disorders will benefit from this. The rising demand for these smart lenses is to blame for driving up the market expansion over the forecast period with these research and development initiatives.

Growing strategic alliances among major players to expand product offerings have been critical to market growth during the forecast period. Currently, the product portfolio of smart contact lenses is limited, and major market players such as Google, Sony, Samsung, and Innovega Inc. are working hard to develop this advanced technology for the future.

North America is expected to experience significant growth in the coming years as a result of a variety of factors including significant investments in the development of smart contact lenses, increased consumer awareness, and the presence of key industry players offering advanced products. Furthermore, the region has advanced healthcare infrastructure and significantly higher healthcare expenditure per capita, which is expected to influence market growth in the future.

Related Reports

Healthcare Service Robots Market
Buy Now GET FREE SAMPLE
Asia Pacific In-vitro Diagnostics Market
Buy Now GET FREE SAMPLE
Teleradiology Services Market
Buy Now GET FREE SAMPLE
HERG Screening Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Smart Contact Lenses Market

Product ID: SQMIG35G2101

$5,300
BUY NOW GET FREE SAMPLE